On last evening, the President spoke to a joint session of Congress.  The President presented his comprehensive plan to create jobs with a method of payment for his plan.  Optimism is high in hopes that Congress will unanimously support the President's efforts to put fourteen millions Americans back to work.

The President intends to spend the next few weeks visiting major cities across the nation in an effort to put his message before the American people as well...

God's speed... Mr. President!

My Plan for Economic Recovery, and why it would Work

My Plan for Economic Recovery, and why it would Work

As of 1995, there were fifty-one million, two hundred forty-nine thousand people in the United States over fifty years of age. Of this group, 81.6% are homeowners – forty-one million three hundred thousand homeowners. This group showed a tendency to own a similar percentage of the one hundred thirty-five million three hundred ninety-nine thousand nine hundred forty-five cars on the streets of America, or roughly one hundred nine million six hundred seventy-three thousand cars. We can estimate that it will be a minimum of forty-one million people eligible for the Targeted Stimulus Package.

There are considerable correlations between income, homeownership rate and housing characteristics. As income is closely linked to social status, sociologist Leonard Beeghley has made the hypothesis that "the lower the social class, then the fewer amenities built into housing." According to 2002, US Census Bureau data housing characteristics vary considerably with income. For homeowners with middle-range household incomes, ranging from $40,000 to $60,000, the median home value was $112,000, while the median size was 1,700 square feet (160 m²) and the median year of construction was 1970.

These factual estimates are essential to calculating the cost of an economic recovery package that would stimulate the sectors that are failing. With a few contractual demands, one is able to target the areas of the economy that are suffering because of Wall Street practices by accomplishing the following prior to implementing the Targeted Stimulus Package:

Locate and unbundle all derivatives that encompass mortgages and re-bundle those derivatives minus the mortgages that are toxic.

Re-finance all mortgages whose homeowners are forty-nine years or younger.

Return the remaining (toxic) mortgages to the initial mortgager for resolvement.

The Targeted Stimulus Package, as applied to homeowners over fifty years of age and under sixty-nine years of age, would pay no more than one million dollars to every household with at least one person on the deed/mortgage being over fifty years of age. Each recipient would be obligated do the following:

Immediately quit his/her job and accept any pension or 401k owed to them.

Liquidate their mortgage and/or buy a new median range home (260,000) within one year of accepting the Targeted Stimulus Package.

Purchase a new automobile manufactured in the United States from parts made in the United States.

Reduce their debt balance to less than twenty percent of its total value.

Agree to place the remainder of the Targeted Stimulus Package in an approved Money Market Fund under SEC jurisdiction wherein the recipient would receive a maximum of forty thousand dollars a year.

The ramifications of this Targeted Stimulus Package would do the following:

Free up an estimated forty-one million jobs for those individuals out of work in the first month.

Liquidate an estimated eight hundred billion dollars in mortgage liabilities within the banking industry.

Create an instant demand for fourteen million new automobile purchases of vehicles manufactured in the United States.

Reduce consumer debt by fifty percent or better.

This package would cost the taxpayers forty-one billion three hundred million dollars. It would generate over ten billion dollars in State and local tax revenues in the form of sales taxes immediately, which would then re-enter the economy as job creations for road repair and construction, new house construction, and an increased demand for disposable goods. Individuals out of work would have the opportunity to re-skill to take the thirty to thirty-eight million jobs that would become immediately available to the American workforce. The overall outcome is the generation of Federal, State, and local Municipality tax revenues capable of making the aforementioned entities solvent within one year.

The government would receive compensation over the next fifteen to twenty years with a robust economy fueling every industry in the United States. This Stimulus package would not fall to our grandchildren to repay! Of course, the final parameters of this stimulus package would be up to Congress, but it would cost less than the 1.4 trillion that we have already spent – considering that, we are still not out of the woods economically as of yet.

If you believe that this stimulus package will work, send a copy, in the form of a letter, to your Congressmen!

In a democracy, silence is not golden; it is condonance in the face of injustices; it is fear, where the thought of reprisal fosters control. – Rodney A. Davis

Was There Ever A Wedding...

The Republican Party, led by Minority Whip Rep. Eric Cantor (R-Va.), posted a shut out vote on the stimulus package. Representative Cantor is quoting as saying… "Tell Speaker Pelosi to begin to work with us." That statement and the failure of the House Republicans to bring mature minds to the table in these critical times speaks volumes for the demise for the Republican’s hoping to hold their seats in 2010.

I am still trying to understand how the Minority Whip could ignore the attempts of the President to bring bi-partisanship to the table in these trying times simply because he wanted to send a message to Speaker Pelosi. Did he think that by not voting for the Stimulus Package Speaker Pelosi’s feelings would be hurt, that she will think twice before she "denies" the Republican Party the right to dictate how legislation will be worded? Only a fool would assume such!

What the Minority Whip did was ignore the welfare of the American people; the message that he sent didn’t reach Speaker Pelosi; the message landed in the stomach of the United States of America’s citizenry! The Minority Whip is young, dumb, and full of manure and he will pay a considerable price for his stupidity. If the Republican Party thought that 2006 was a disaster, and 2008 was a holocaust, then 2010 probably be called the Mother of all Apocalypses. The message is that the Republican Party didn't get the two previous messages that certainly were sent by the people on November 4th – Democrats rule!



Obama has extended a hand to everyone that would meet him halfway. He has gone to Congress and held meetings with each Party within the Senate and the House in an attempt to gain a bi-partisan response to this bill. He has gone to big business with hopes of getting their input. We have listened as he explained his objectives to us, the American people, via radio, television, and YouTube. Apparently, that was not enough for the Republican House and its leaders Eric Cantor and John Boehner.

In a democracy, silence is not golden; it is condonance in the face of injustices; it is fear, where the thought of reprisal fosters control - Rodney A. Davis

The American Reinvestment and Recovery Plan...

The American Reinvestment and Recovery Plan – By the Numbers

The American economy is in the midst of a crisis unlike any we have seen in our lifetime. The economy lost 2.6 million jobs in 2008, the most of any year since World War II. Manufacturing activity is at its lowest level in twenty-eight years. Consumer spending is declining and confidence is at historic lows. Many experts believe unemployment could reach double digits if no action is taken.

In light of this historic economic weakness, President Obama is working with Congress to enact an American Recovery and Reinvestment Plan, a nationwide effort to create jobs and transform our economy to compete in the 21st century. The plan invests in clean energy, health care, education and infrastructure; cuts taxes for American families and businesses; and helps protect the most vulnerable families from economic harm during the recession. This plan will also break from conventional Washington approaches to spending by ensuring that public dollars are invested effectively and that the economy recovery package is fully transparent and accountable to the American people. More...